American Century Companies Inc. Purchases 1,837 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

American Century Companies Inc. increased its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,834 shares of the business services provider’s stock after purchasing an additional 1,837 shares during the quarter. American Century Companies Inc. owned approximately 1.01% of Huron Consulting Group worth $17,911,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in Huron Consulting Group during the fourth quarter worth about $25,000. Covestor Ltd boosted its holdings in shares of Huron Consulting Group by 26,500.0% in the 1st quarter. Covestor Ltd now owns 266 shares of the business services provider’s stock worth $26,000 after acquiring an additional 265 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Huron Consulting Group during the 2nd quarter worth approximately $28,000. Quest Partners LLC acquired a new stake in Huron Consulting Group during the 4th quarter valued at $97,000. Finally, Assetmark Inc. raised its position in Huron Consulting Group by 40.6% in the 4th quarter. Assetmark Inc. now owns 1,544 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 446 shares during the last quarter. 93.90% of the stock is owned by institutional investors.

Insider Activity

In related news, Director John Mccartney sold 300 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $99.16, for a total transaction of $29,748.00. Following the completion of the sale, the director now directly owns 57,688 shares of the company’s stock, valued at $5,720,342.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Huron Consulting Group news, CEO C. Mark Hussey sold 34,013 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $100.69, for a total value of $3,424,768.97. Following the transaction, the chief executive officer now owns 85,081 shares of the company’s stock, valued at $8,566,805.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Mccartney sold 300 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $99.16, for a total value of $29,748.00. Following the transaction, the director now owns 57,688 shares of the company’s stock, valued at $5,720,342.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,439 shares of company stock valued at $4,512,214. 2.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $140.00 target price on shares of Huron Consulting Group in a report on Wednesday, July 31st. Barrington Research reiterated an “outperform” rating and set a $137.00 price target on shares of Huron Consulting Group in a research report on Monday, September 9th. Finally, StockNews.com upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

Huron Consulting Group Stock Up 0.7 %

Shares of HURN opened at $110.55 on Friday. The business’s fifty day moving average price is $107.20 and its two-hundred day moving average price is $98.34. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 31.86 and a beta of 0.61. Huron Consulting Group Inc. has a 52 week low of $84.26 and a 52 week high of $115.65. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.93 and a current ratio of 1.93.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.20. The business had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $374.33 million. Huron Consulting Group had a return on equity of 20.44% and a net margin of 5.46%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 earnings per share. On average, analysts predict that Huron Consulting Group Inc. will post 5.95 earnings per share for the current year.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.